Toshiba sees Mizuho join BlackRock in building 5% stake By Reuters

© Reuters.

TOKYO (Reuters) – Japan’s Mizuho Financial Group Inc has built a 5.07% stake in Toshiba (OTC:) Corp – a move which comes after the after the Japanese industrial conglomerate returned to the Tokyo Stock Exchange’s top section.

Mizuho’s banking unit, securities unit and asset management arms own 1.24%, 1.7% and 2.13% respectively, a filing from the finance ministry showed.

The news comes after BlackRock Inc (NYSE:) said on Thursday that it had built a 5.21% stake in Toshiba. That made the U.S. asset manager Toshiba’s third-largest shareholder behind hedge funds Effissimo Capital Management and Farallon Capital Management, a source familiar with the matter said.

Toshiba, which is embroiled in a long-running row with activist shareholders including Singapore-based Effissimo, has said the return to the TSE’s first section would lure buying from investors in stock indexes. Toshiba rejoined Japan’s index of top tier shares on Feb. 25.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button